bitcoin mining
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Bitcoin mining is becoming harder to understand by watching only the largest publicly traded miners. New September data shows the public-company share of global hashrate is shrinking while private and sovereign operators take a larger portion of the network. JPMorgan analysts said this week that publicly listed miners are losing share of Bitcoin mining activity…
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Ethiopia’s rapid rise as a global Bitcoin mining hub is facing a physical constraint that ASIC efficiency cannot solve: there is less water flowing into the country’s hydroelectric reservoirs. Ethiopian Electric Power has reduced electricity supplied to cryptocurrency mining operators to about 23% of contracted capacity as dry conditions cut reservoir inflows. A September 20…
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Soluna Holdings’ wind-powered Project Dorothy in Briscoe County, Texas is becoming a useful case study in how Bitcoin mining infrastructure can secure power today while creating a path toward much larger AI data-center development. Recent industry coverage highlighted ERCOT’s conditional Base Load classification for the 100 MW Dorothy campus. Soluna says Dorothy 1 and Dorothy…
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BITMAIN’s 600 TH/s ANTMINER S23 XP Hyd. is moving toward November shipments with a manufacturer-rated efficiency of 8.9 J/TH.
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Luxor Technology is taking the infrastructure stack it built for Bitcoin mining and expanding it into artificial intelligence data centers. The company launched Luxor AI on September 24, bringing energy services, GPU sourcing, physical compute contracts, compute derivatives, cloud infrastructure and market data under one business. The move is notable because Luxor is not abandoning…
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Bitdeer mined 288.1 BTC in its latest weekly update and sold 288.4 BTC, leaving the Bitcoin miner with zero pure BTC holdings as of September 25. The latest figures continue a pattern Bitdeer has used during 2026: mine Bitcoin, sell production and keep little or no pure Bitcoin on the balance sheet. The company reported…
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IREN’s reported gross Bitcoin mining hardware balance fell from approximately $1.136 billion at June 30, 2025 to $597.0 million at June 30, 2026, a reduction of about 47.4% year over year as the company decommissions miners and redirects data-center capacity toward AI Cloud Services. The percentage does not mean every IREN ASIC lost 47% of…
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Bitcoin briefly moved above JPMorgan’s estimated $85,000 average production cost after spending roughly 280 days below the level, a development analysts say could reduce financial pressure on Bitcoin miners if the move proves sustainable. JPMorgan analysts led by Nikolaos Panigirtzoglou described production cost as a historical “soft floor” for Bitcoin. When market price remains below…
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Google LLC, XXVI Holdings and Alphabet filed a Schedule 13G on September 25 reporting beneficial ownership of 41,011,803 TeraWulf shares issuable through warrants held directly by Google LLC, representing 7.6% of the filing’s calculated share base. The filing is a new regulatory ownership disclosure tied to TeraWulf’s expanding relationship with Google-backed AI infrastructure at Lake…
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Publicly traded Bitcoin miners tracked by Ziven now operate about 416.1 EH/s, roughly 45% of Bitcoin’s 921 EH/s network hashrate.
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CleanSpark has closed a $2.276 billion senior secured debt financing to fund completion of its Sandersville, Georgia data center, marking one of the largest infrastructure financings yet by a company built around industrial Bitcoin mining. The 7.875% senior secured notes mature in 2031 and were sold at 98.5% of principal. CleanSpark’s financing subsidiary plans to…
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Cipher Digital has extended the contracted life of its 300 MW Barber Lake data center in Colorado City, Texas from 10 years to 20 years, adding approximately $5.2 billion of contracted revenue and taking the site’s total above $9 billion. The September 25 agreements pair an amendment to Cipher’s existing Fluidstack lease with a binding…
